Olinto, Inc., reports taxable income (before special deductions and net operating loss deduction) of $92,000. Included in that amount is $1 2,000 interest and dividends income. Forty percent of Olinto's property, payroll, and sales are in its home state. What amount of this taxable income will be taxed by Olinto, Inc.'s home state?

a. $12,000 

b. $36,800 

c. $44,000

d. $90,000